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Value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approach (CROSBI ID 252690)

Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija

Prišenk, Jernej ; Grgić, Ivo ; Zrakić, Magdalena ; Turk, Jernej Value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approach // Mljekarstvo, 68 (2018), 3; 224-233. doi: 10.15567/mljekarstvo.2018.0307

Podaci o odgovornosti

Prišenk, Jernej ; Grgić, Ivo ; Zrakić, Magdalena ; Turk, Jernej

engleski

Value-based food chains as an opportunity to improve the economic situation of dairy farms: a translog profit function approach

This paper utilizes available data sets and a single translog profit function to examine the performance of dairy farms operating in mountain and lowland areas, respectively. A translog profit model estimates reveal an apparent trend going toward explaining the better economic performance of highland dairy farms stemming from their capability to adjust accurately to underlying changes in the milk market. The empirical analysis finds mostly inelastic price elasticity trends. Translog profit model alleviates the path of understanding in explaining the better economic situation of these high-land dairy farms stemming from their capability to adjust adequately and promptly to ongoing changes in the milk market. Finally, the results of the study could at the same time deliver a new dimension in further debate about CAP post-2020 developments.

agro-food chain ; value added ; dairy farms ; mountain regions ; translog profit function

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Podaci o izdanju

68 (3)

2018.

224-233

objavljeno

0026-704X

1846-4025

10.15567/mljekarstvo.2018.0307

Povezanost rada

Ekonomija, Poljoprivreda (agronomija)

Poveznice
Indeksiranost